Shardul Shah Sells 7,916 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the sale, the director now directly owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. This represents a 1.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shardul Shah also recently made the following trade(s):

• On Monday, December 16th, Shardul Shah sold 7,916 shares of Datadog stock. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00.

Datadog Trading Up 1.2 %

Shares of NASDAQ DDOG opened at $138.40 on Friday. The stock has a market cap of $47.02 billion, a P/E ratio of 261.14, a PEG ratio of 16.31 and a beta of 1.14. The business’s fifty day simple moving average is $145.75 and its 200-day simple moving average is $128.57. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08.

Analyst Ratings Changes

Several research firms recently commented on DDOG. Barclays increased their price target on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial lowered Datadog from a “buy” rating to a “hold” rating and reduced their price target for the stock from $170.00 to $150.00 in a report on Tuesday, January 7th. TD Cowen reissued a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Stifel Nicolaus raised their price objective on shares of Datadog from $141.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday. They issued an “overweight” rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.45.

Institutional Investors Weigh In On Datadog

A number of hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC grew its position in shares of Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares in the last quarter. Heritage Investors Management Corp purchased a new stake in Datadog during the 3rd quarter worth about $1,157,000. Atom Investors LP acquired a new position in shares of Datadog during the 3rd quarter worth about $1,112,000. Parnassus Investments LLC increased its holdings in shares of Datadog by 28.4% in the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after acquiring an additional 40,952 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after acquiring an additional 126,613 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.